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Warren Buffet and Jamie Dimon are calling on companies to end the practice of issuing earnings guidance. They say “short-term” emphasis on profit hurts long-term growth. 12 more words
Warren Buffett and Jamie Dimon are doubling down on their plea for corporations to stop providing quarterly earnings guidance.
Buffett, who runs Berkshire Hathaway Inc., and Dimon, JPMorgan Chase & Co.’s chief executive officer, said in a joint Wall Street Journal editorial that they are encouraging all public companies to consider moving away the practice, arguing that it can stifle long-term investments. 387 more words